| iTunes passes Wal-Mart as biggest US music seller |
| Saturday, 21 June 2008 | |
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Apple announced Thursday that customers on its iTunes Store have purchased and downloaded over five billion songs to date.
Apple doesn't disclose financial results for iTunes. But in the first fiscal quarter ended 29 December it reported $808 million in revenue for a category that includes iTunes store sales, a 27 per cent jump from the same quarter the previous year. Apple also said that iTunes customers are now renting and purchasing over 50,000 movies every day, or a yearly run rate of over 18 million, making iTunes the world's most popular online movie store as well. In addition to its industry leading eight million songs, iTunes also sports a catalog of over 20,000 TV episodes and over 2,000 films, including over 350 in high definition video. |